The Stunning Fall Of Generation X

Simply put, the weight of the recession fell squarely onto Gen X’ers, those born between the mid 60’s an early 80’s. We’ve lost about half of our wealth, while Baby Boomers and the like have made substantial gains. As the boomers continue to retire, this trend will only get worse, as more an more of them cease to contribute into the tax base and start drawing medicare and Social Security and the like, while the younger generations, a smaller percentage of the total populace than ever before, will be taxed harder and have to pay higher prices in order to support the older generations.

For centuries, the story of America has been, in part, that each generation does better than those who came before. This trend seems to be reversing.

Oh, goodie.